Another simple system - Time-Frame 15

GU

AU 15 min chart, another pin bar in the 'right' place.

Hello Luvevery1,

Today is luvly,because i followed the rules.My TP is between 20 and 25 pips,on each trade once the set-up shows.Here is the chart,i want comment from you Mates,You have all been so wonderful,plis keep this thread alive for GOD'S SAKE.

Continue from post #3325.

I donno how to explain Price Action on why I took the above trade, but with simple englsh I will try to tell a story. " The Candle Story" hoping to share with everyone to correct me if i'm wrong in executing those trades. ( GU Chart attached)

There were 9 candles I watch every hour, from 04:00 hours, one appear after another setting up pattern at interval of 60 mins.

Candle 1. Resting of support (marked at beginning of day) - there're
Candle 2. Down ,but Pin bar. (strong buyer, support)
Candle 3. Still buying ( some selling)
Candle 4. Strong interest of buying.
Candle 5. Buy ( some selling may be profit taking)
Candle 6. Strong but ( Pin bar, buyer overtakes seller) Price established above
10EMA.

Now come the important candle

Candle 7. London Opened - Buyer from Candle 1 to 6 now sell hard at London open. Late comer, who bought at Candle 6 ( after seeing price above 10EMA) now have to bail out. Look at that wick of No. 7 candle ( it purpose is to take out SL. The price push price deep passed the "blue support" to take out SL (no mercy)

This is the real game banks play, they use fakey set up to get more buyer to come in, then at London open, they sell hard ( making profit because accumulation from Candle No. 1 to No. 6.)

Once they sell hard, " BUYING CHEAP" execercise begin just below RN. That's why you see the red Marubozu with long wick (look like hammer or pin bar) Morubozu is strong candle shown interest of buyer ( top shave) Regardless of candle colour

Candle 8. I enter my long at open of candle, goes down a bit to test RN, and 800ema hold very well. SL set 3 pips lower than the wick (18 pips SL). TP is RN 1.57000.
The test on this candle is to check anymore seller left to short.

Candle 9. They bail out again at RN for good 50+ pips. Leaving the late buyer stranded again. Candle 9 is classic Pin Bar.

This happen everyday, every pair. i watched many fakey set up to trap traders.

So beware the game they play.

Thank You for reading this Newbie view and set-up of Price action.


Gibril The Newbie

God bless you my friend

Hi
I'm new in this thread, but would like to share my exprience about this indi
i like this time frame so much

thak you guys for lot of new post it is very hard to ketch-up.
lost week in my town the mall roof colapsed maybe you saw
in the news. two people died. we lost 300-400 jobs.
I try to get back to my normal daily routin but still in my mind
I was there before with my family.
I'm glad to see lot of guys made very nice pips.I hope this
or next week I can post trades what did.
thaks imi

you can see our mall after colapsed in this link

www.youtube.com/watch?v=ZTkJWlweUgs

Re Post # 3325


Look at the 60 minutes Chart ( 1 hrTF) in Post #3325.

I learn from this thread how to spot LONG & SHORT from 60 minutes Chart. ( From Arjun lesson).

The posting was done more than one hour ago with BLUE area mean LONG, RED area, mean SHORT. There is something dividing RED/LONG ( you can find in this thread to practice) -super easy set up for quick 20-30 pips.

Anyone notice that will made 37 pips by now. ( target is Friday High).

Arjun, Brother . thank you for everything ..... God blessed.



Sincerely

Gibril The Newbie


P/S HIT TARGET

I am Long in Cable:


TP + 15 - 20 (depends on NY open now)
SL -15

I am already out of my trade above.

took 15 Pips on that one



currently looking for options on

USD/CAD
USD/JPY

but nothing much so far....

EJ


Gibril The Newbie


P/S Target 99.9950 make it 100.00

Sorry to hear that, Imi.
Hope you will be back to our family here soon.
Hope everything goes well in your town.
LOVE + PEACE!
xiaoxin

Gibril,
Very nice to see you come back and being active.
Pipping is a kind of art to you,right?
Enjoy bagging pips please!
Congratulations!
Thanks for posting charts and hope to see more.

xiaoxin(a 4x newbie younger than you)

Continue from Post #3335


Shorted at RN 100.500. Nearing TP ( +44 still counting)

Thanks Arjun. This is the best system to trade. no stress. lol


Gibril The Newbie


P/S Target HIT and ADR. 100.00 RN ( that's easy 50 pips)

I was in jail for 2 weeks for stret fighting. That's why you dodn't see me around.

Happy to be free again at the moment.


Gibril The Newbie

my brother...your profit just got hit....hooray and my EU would have got hit now(not at home)...hooray...will post the chart...LOL....you stole my eyes so long ago...god bless you

read every post mate...just follow it...and you will be on your way to master FOREX....LOlll...

good luck...always look at HTF and decide..

How about a CT on EURJPY adr reached and its a good RN...100.00...800ema down...


any idea????lol

EJ EMA800 is just below, hope PA can hit and also there Fibo 50%. RN 100.00
Nice free fall.

Thank You to you BIG Brother for giving me such a nice EA ( RED/BLUE) I called it " ARJUNA EA"

It spotted the EJ trade some 44 minute ago for short. I just hit the SELL button without thinking ( Newbie). And it set TP right at the place it should be. I donno where EJ want to go. ?

I'm done for today (handsome Monday) Now to write my Trading Journal.
All entries 8/8 trades.

P/S can you let me to use " ARJUNA EA" for couples of days more ? Please


Sincererly

Gibril The Newbie